Grab to buy Singapore-based Atome Financial for $1.49bn to boost consumer lending

Acquisition will strengthen ride-hailing group's financial business and lift 2028 targets A Grab vehicle seen at an event in Singapore. The ride-hailing group aims to expand its digital financial services, having agreed to buy a Singapore-based buy now, pay later provider. (Photo by Ken Kobayashi) SINGAPORE — Ride-hailing group Grab said on Tuesday that it has agreed to acquire a 60% stake in Singapore-based buy now, pay later (BNPL) financial service provider Atome Financial for $1.49 billion, as it seeks to expand its consumer lending business in Southeast Asia.

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